Home-builder stocks hammered again

JohnSpence

BOSTON (MarketWatch) -- Home-builder stocks' tough week continued Wednesday as a sector benchmark, Dow Jones U.S. Home Construction Index
DJUSHB, +0.93%
was down about 4% in afternoon trading. Builders also traded lower Tuesday after bellwether KB Home
KBH, +1.42%
reported a wider $773 million fourth-quarter loss and said it sees housing market conditions remaining tough in 2008. On Wednesday, shares of WCI Communities Inc.
WCI, +92.90%
were off about 10% after Standard & Poor's affirmed the company's junk ratings. Earlier this week, WCI and D.R. Horton Inc.
DHI, +0.97%
said they've been forced to amend lender covenants as liquidity concerns swirl around some home builders.

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